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Politics

The annual meeting of The Kingdom of Denmark to be held today

Lars Løkke Rasmussen, the prime minister of Denmark, Aksel Vilhelmsson Johannesen, the prime minister of the Faroe Islands, and Kim Kielsen, the prime minister of Greenland, will meet at 9.30 a.m. by Leynavatn, a lake on the island of Streymoy in the Faroe Islands, and at 11.30 a.m. they will hold a joint press conference.

Politics

Faroese economy more independent than ever

It is a common misconception that the Faroe Islands are largely financially dependent on Danish subsidies. The Faroese economy, however, has never been more self-sufficient. The Danish block grant currently makes up 3.3% of the Faroese GDP, compared to 11.2% in the year 2000.